7% cap rate (NNN lease with corporate guaranty)
|Catylist Listing ID:
Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Research & Development, Warehouse/Distribution, Other
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Newly leased cannabis manufacturing facility on Montgomery Blvd!!! Single tenant 100% occupied condo with $87,000 NOI in place on a 5 year NNN lease agreement (option to extend for 5 additional years). Over $500,000 of improvements by tenant in process for a very strong long-term commitment to the property. Very strong tenant financials providing strength and stability. Outstanding real estate to own long term with minimal landlord responsibility.
Over 34,000 vehicles per day drive by this site. New 277/480v electric service.
***May be purchased separately or combined with Condo C for an additional $1,242,000 at a similar cap rate.
Attachments & Media
||MX-M - Mixed-use: Moderate Intensity
|Property Located Between:
||Louisiana and San Pedro
|Total Number of Buildings:
|Number of Stories:
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